Which of the Following Agencies or Institutions Is Responsible for Enforcing

question 62

Multiple Choice

Which of the following agencies or institutions is responsible for enforcing the executive orders that cover companies doing business with the federal government?

• A)U.S. District Court
• B)Office of Federal Contract Compliance Programs
• C)Equal Employment Opportunity Commission
• D)U.S. Department of Commerce
• E)Centre for Civil and Human Rights

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Definitions:

Uncollectible Receivables

Debts owed to a company that are considered uncollectible and are written off as a loss.

Bad Debt Expense

An expense account representing the estimated uncollectible accounts receivable.

Direct Write-off Method

An accounting method where bad debts are expensed only when specific accounts are deemed uncollectible and written off.

Uncollectible Accounts Expense

Uncollectible accounts expense is the cost associated with receivables that a company does not expect to collect, impacting the net income and accurate representation of receivables.